U.S. Industrial Boiler Market Analysis

U.S. Industrial Boiler Market Analysis

To get key market trends

  Download Free Sample

The gas fired boiler industry will witness growth rate of 5.2% by 2032. Competitive natural gas prices coupled with growing inclination towards adopting sustainable technologies will positively sway the industry potential. Stringent government regulations regarding the adoption of low-emission fuels coupled with abundant availability of gas supply networks across the nation will further institute a favorable outlook for U.S. industrial boiler market.

The 10 - 50 MMBtu/hr industrial boiler market captured share of over 25% in 2022. Increasing applicability of these systems across food & beverage and pulp & paper industry will positively impact the industry landscape. The product offers key advantages including low initial investment & maintenance cost and ease-of-installation, which in turn will drive the business growth.

The increasing emphasis on reducing carbon footprints and conserving energy is playing a positive role in the adoption of condensing boilers. The Environmental Protection Agency (EPA) has implemented the National Emission Standards for Hazardous Air Pollutants (NESHAP) to regulate emissions from boilers resulting into replacement of existing boiler units with condensing systems. The penetration of these heating units is determined by evaluating key parameters comprising of lower heating costs, energy efficiency, and operational safety.

The refinery application was valued at over USD 100 million in 2022. These systems are deployed across this application area for the distillation and captive power generation purpose. In addition, increasing demand for chemicals across wide tandem of application areas along with ongoing retrofitting and modernization of existing refineries will energize the U.S. industrial boiler market dynamics.

The West South Central industrial boiler market is set to surpass USD 400 million by 2032 due to the positive outlook towards the chemical, refining, and petrochemical sectors. The region will witness increased demand for these systems owing to surging investments in refurbishment of refineries and robust growth of the primary metal manufacturing sector. Moreover, ongoing investment in the chemical industry and the rising disposable income will complement the industry growth.